THE LA RAZA CRIME TIDAL WAVE - “These figures do not attempt to allege that foreign
nationals in the country illegally commit more
crimes than other groups,” the report states. “It
simply identifies thousands of crimes that should
not have occurred and thousands of victims that
should not have been victimized because the
perpetrator should not be here.”
CHARLOTTE CUTHBERTSON

“The National Council of La Raza describes itself as the
largest Latino civil rights and advocacy organization in the United States, but
it actually caters to the radical Chicano movement that says California,
Arizona, Nevada, New Mexico and parts of Colorado and TEXAS belong to Aztlan.”

REALITY CHECK:

"The American Southwest seems to be slowly returning to
the jurisdiction of Mexico without firing a single shot." --- Excelsior,
the national newspaper of Mexico

40% of Federal Criminal Cases in 2013 Were in Districts
on Mexican Border

“Yet nothing that happens on these borders imperils America so much as what is happening on our own bleeding border with Mexico.” Patrick Buchanan

SEN. RICK SANTORUM:

“Part of the problem, Santorum said, has been the arrival of millions of
unskilled immigrants — legal and illegal — in the United States.
"American workers deserve a shot at [good] jobs," Santorum said.
"Over the last 20 years, we have brought into this country, legally and
illegally, 35 MILLION mostly unskilled
workers. And the result, over that same period of time, workers' wages and
family incomes have flatlined." SEN. RICK SANTORUM

Perhaps because of all of these factos, a Reuters poll found that 70% of Americans, including 86% of
Republicans, believe illegal immigrants "threaten traditional U.S. beliefs
and customs," while 63% believe that "immigrants place a burden on
the economy."

“In
all, the newspaper identified 424 released illegal immigrants convicted of
sex-related crimes in the records obtained under the lawsuit. Around half
appeared in the national public sex offender registry as required by law. Of
the registered sex offenders, 53 failed to re-register after ICE released them
and the agency didn’t bother to follow up.” JUDICIAL WATCH

The
Homeland Security Department has granted legal status to 99.2 percent of all
illegal immigrants who have applied under President Obama's new non-deportation
policy for young adults, according to the latest numbers released Friday.

“Part of the problem, Santorum said, has been the arrival of millions of
unskilled immigrants — legal and illegal — in the United States.
"American workers deserve a shot at [good] jobs," Santorum said.
"Over the last 20 years, we have brought into this country, legally and
illegally, 35 MILLION mostly unskilled
workers. And the result, over that same period of time, workers' wages and
family incomes have flatlined." SEN. RICK SANTORUM

Perhaps because of all of these factos, a Reuters poll found that 70% of Americans, including 86% of
Republicans, believe illegal immigrants "threaten traditional U.S. beliefs
and customs,"while 63% believe that "immigrants place a burden on
the economy."

“In
all, the newspaper identified 424 released illegal immigrants convicted of
sex-related crimes in the records obtained under the lawsuit. Around half
appeared in the national public sex offender registry as required by law. Of
the registered sex offenders, 53 failed to re-register after ICE released them
and the agency didn’t bother to follow up.” JUDICIAL WATCH

The
Homeland Security Department has granted legal status to 99.2 percent of all
illegal immigrants who have applied under President Obama's new non-deportation
policy for young adults, according to the latest numbers released Friday.

“With $220 million for public safety, $400
million for healthcare, and $444 million in welfare allocations, the total cost
for illegal immigrants to County taxpayers far exceeds $1 billion a year – not
including the millions of dollars for education.” Los Angeles County Supervisor
Michael D. Antonovich.

Twenty
five percent of the all welfare and food stamps benefits is going directly to
the children of illegal aliens. Illegals collected over $20 million in welfare
assistance for November 2007 and over $16 million in monthly food stamp
allocations for a projected annual cost of $444 million.

JERRY
BROWN HANDS ANOTHER $132 MILLION IN “FREE” GRINGO-PAID WELFARE TO ILLEGALS….
more to come!

“Californians bear an enormous fiscal burden as a result
of an illegal alien population estimated at almost 3 million residents. The
annual expenditure of state and local tax dollars on services for that
population is $25.3 billion. That total amounts to a yearly burden of about
$2,370 for a household headed by a U.S. citizen.”

REPORT: ALIEN NATION – How the American
people permitted the U.S. tax supported Mexican Fascist Party of LA RAZA “The
Race” invade, occupy and loot America.

OBAMA-CLINTONomics and the death of the American middle-class they looted

“In 2014 the
Russell Sage Foundation found that between 2003 and 2013, the

median household
net worth of those in the United States fell from $87,992 to

$56,335—a drop of
36 percent. …While the rich also saw their wealth drop

during the recession,
they are more than making that money back. Between

2009 and 2012, 95 percent of
all the income gains in the US went to the top 1

percent. This is the most
distorted post-recession income gain on record.”

”The delusional character of Obama’s State of
the Union address on Tuesday—presenting an America of rising living standards
and a booming economy, capped by his declarationthat the “shadow of crisis has
passed”—is perhaps matched only in its presentation by the media and supporters
of the Democratic Party.”

“The general tone was set by the New York Times in its lead editorial on Wednesday, which described
the speech as a “simple, dramatic message about economic fairness, about the
fact that the well-off—the top earners, the big banks, Silicon Valley—have done
just great, while middle and working classes remain dead in the water.”

THE ENTIRE REASON FOR AMNESTY IS TO KEEP WAGES DEPRESSED AND PASS ALONG THE REAL COST OF ALL THAT "CHEAP" MEXICAN LABOR TO THE BACKS OF THE AMERICAN MIDDLE-CLASS THROUGH TAXES FOR WELFARE!

“Until lawmakers end the catch-and-release
policies of the Obama administration,” said Jessica Vaughan of the Center for
Immigration Studies, “any infrastructure improvements, new strategies, and
better metrics are pointless.”

“THE AMNESTY ALONE WILL BE THE LARGEST EXPANSION
OF THE WELFARE SYSTEM IN THE LAST 25 YEARS” Heritage Foundation

"The amnesty alone will be the largest
expansion of the welfare system in the last 25 years," says Robert Rector,
a senior analyst at the Heritage Foundation, and a witness at a House Judiciary
Committee field hearing in San Diego Aug. 2. "Welfare costs will begin to
hit their peak around 2021, because there are delays in citizenship. The very
narrow time horizon [the CBO is] using is misleading," he adds. "If
even a small fraction of those who come into the country stay and get on
Medicaid, you're looking at costs of $20 billion or $30 billion per year."
(THE STATE of CALIFORNIA PUTS OUT $30 BILLION IN SOCIAL SERVICES ON THE STATE
LEVEL ALONE!)

“By the time of Bill Clinton’s election in 1992, the
Democratic Party had completely repudiated its association with the reforms of
the New Deal and Great Society periods. Clinton gutted welfare programs to
provide an ample supply of cheap labor for the rich (WHICH NOW MEANS OPEN
BORDERS AND NO E-VERIFY!), including a growing layer of black capitalists, and
passed the 1994 Federal Crime Bill, with its notorious “three strikes”
provision that has helped create the largest prison population in the world.”

“Calling income and wealth inequality the "great
moral issue of our time," Sanders laid out a sweeping, almost unimaginably
expensive program to transfer wealth from the richest Americans to the poor and
middle class. A $1 trillion public works program to create "13 million
good-paying jobs." A $15-an-hour federal minimum wage. "Pay
equity" for women. Paid sick leave and vacation for everyone. Higher taxes
on the wealthy. Free tuition at all public colleges and universities. A
Medicare-for-all single-payer health care system. Expanded Social Security
benefits. Universal pre-K.” WASHINGTON
EXAMINER

American CEOs paid 300 times more than workers

By David Brown 29 June 2015

A new study by the Economic Policy Institute showed that while worker pay has stagnated since the economic crash of 2008, CEO pay has skyrocketed. While the average worker made the same in 2014 as they did in 2009, CEO compensation rose by 54.3 percent in the same period.

The average pay for CEOs at the largest US firms in 2014 was 303.4 times the pay of an average worker. CEOs averaged $16.3 million, up 3.9 percent from 2013, while the average worker in 2014 only made $53,200. In practical terms, that means a top CEO takes home more than a worker makes in a year after 8 hours on the job.

The standard justification for this obscene disparity is that CEOs are highly skilled individuals who significantly impact corporate productivity and ultimately “create” thousands and thousands of jobs. Then, so the myth goes, there is stiff competition among the largest companies to hire the best CEOs, which drives the exorbitant compensation packages.

The study examined compensation packages for CEOs at the top 350 US firms from 1965 to 2014. The authors then compared them with the average wages of workers, the wages of high-earning workers and stock market values. Researchers found that “CEO pay does not reflect greater productivity of executives but rather the power of CEOs to extract concessions.”

The report debunks the claim that growing CEO compensation is simply the result of a competitive market for skilled professionals, the argument advanced by the CATO institute and other think tanks. When compared to the top 0.1 percent of wage earners, CEOs make 5.84 times as much. Moreover, this gap is widening. Other measures of compensation relative to skill pale in comparison. College graduates, for instance, only earn 1.82 times as much as high school graduates.

Historically speaking, the rise in CEO compensation is tied to the global decline of American capitalism and the increasing financialization of the economy. In 1965 the ratio of CEO to worker pay was 20 to 1. By 1978 the ratio had only grown to 30 to 1. It was only in the 90s that CEO pay reached absurd heights, rising from 59 to 1 in 1989 to 376 to 1 in 2000.

By then CEO compensation was increasingly directly tied to stock prices, such that the dot-com crash in 2000 saw the ratio drop to 189 to 1. CEO pay then rebounded with the growing financial bubble to near record highs before crashing with the market in 2008. As a whole, between 1978 and 2014, CEO pay grew by 997 percent while worker pay grew by only 11 percent.

The current growth in CEO pay is directly tied to the quantitative easing program of the Federal Reserve, which has driven share buybacks and speculation, pushing markets to record highs while undermining the actual productive forces in the economy.

A report in the Wall Street Journal earlier this year showed that the companies in the S&P 500 index had “sharply increased their spending on dividends and buybacks to a median 36 percent of operating cash flow, from 18 percent in 2003.” This doubling in one decade was accompanied by a decline in investment in production.

A particularly sharp example of this occurred with the announcement by General Motors last March that they would buy back $5 billion worth of stock and increase dividend payouts by another $5 billion. GM stock shot up 4 percent immediately after the announcement.

While the maneuver netted massive profits for investors, senior autoworkers at GM have had their wages frozen since 2007 while the wages of new hires were cut in half as part of the 2009 bankruptcy and bailout. Rather than use any of their $25 billion cash hoard to invest in new production or raise workers' wages, that money went to padding the portfolios of investors and corporate executives.
Mary Barra, the CEO of GM, was given $16.2 million in compensation in 2014. That includes a $1.6 million salary, $2.1 million in other incentives and $11.8 million in company stock.

“At this point, Clinton is the choice of most
multimillionaires to be the next occupant of the White House. A recent CNBC
poll of 750 millionaires found 53 percent support for Clinton in a contest with
Republican Jeb Bush, 14 points better than Obama’s showing in the 2012 election
with the same group.”

The
2008 crash and subsequent developments have revealed certain fundamental
realities about American society. All of the official institutions, including
the presidency, the courts, Congress and the financial regulators, have worked
single-mindedly to shield the banks and the financial elite and enable them to
grow even richer.

“Feinberg, who as the
Obama administration’s “pay tsar” rubber- stamped
multimillion-dollar executive bonuses to Wall Street banks bailed out with taxpayer funds,
will now be given power to slash workers’ benefits at his discretion.”

OBAMA-CLINTONomics:
the never end war on the American middle-class. But we still get the tax bills
for the looting of their Wall Street cronies and their bailouts and billions
for Mexico’s welfare state in our borders.

While the wealth of
the rich is growing at a breakneck pace, there is a stratification of growth
within the super wealthy, skewed towards the very top.

In 2014, those with over $100 million in private wealth saw
their wealth increase 11 percent in one year alone. Collectively, these
households owned $10 trillion in 2014, 6 percent of the world’s private wealth.
According to the report, “This top segment is expected to be the fastest
growing, in both the number of households and total wealth.” They are expected
to see 12 percent compound growth on their wealth in the next five years.

In 2014 the
Russell Sage Foundation found that between 2003 and 2013, the median household
net worth of those in the United States fell from $87,992 to $56,335—a drop of
36 percent. While the rich also saw their wealth drop during the recession,
they are more than making that money back. Between 2009 and 2012, 95 percent of
all the income gains in the US went to the top 1 percent. This is the most
distorted post-recession income gain on record.

OBAMA-CLINTONOMICS:

Richest one percent controls nearly half of global wealth

The richest one percent of the world’s population now controls 48.2 percent
of global wealth, up from 46 percent last year.

"During the month, some 432,000 people in the US gave up looking for a job." EVEN AS JEB BUSH, HILLARY CLINTON and BERNIE SANDERS PREACH AMNESTY! AMNESTY! AMNESTY!"The American phenomenon of record stock values fueling an ever greater concentration of wealth at the very top of society, while the economy is starved of productive investment, the social infrastructure crumbles, and working class living standards are driven down by entrenched unemployment, wage-cutting and government austerity policies, is part of a broader global process."

"A defining expression of this crisis is the dominance of financial speculation and parasitism, to the point where a narrow international financial aristocracy plunders society’s resources in order to further enrich itself."

Federal Reserve documents stagnant state of US economy

By Barry Grey 21 July 2015

The US Federal Reserve Board last week released its semiannual Monetary Policy Report to Congress, providing an assessment of the state of the American economy and outlining the central bank’s monetary policy going forward. The report, along with Fed Chair Janet Yellen’s testimony before both the House of Representatives and the Senate, as well as a speech by Yellen the previous week in Cleveland, present a grim picture of the reality behind the official talk of economic “recovery.”
In her prepared remarks to Congress last Wednesday and Thursday, Yellen said, “Looking forward, prospects are favorable for further improvement in the US labor market and the economy more broadly.”

She reiterated her assurances that while the Fed would likely begin to raise its benchmark federal funds interest rate later this year from the 0.0 to 0.25 percent level it has maintained since shortly after the 2008 financial crash, it would do so only slowly and gradually, keeping short-term rates well below historically normal levels for an indefinite period.

This was an expected, but nevertheless welcome, signal to the American financial elite, which has enjoyed a spectacular rise in corporate profits, stock values and personal wealth since 2009 thanks to the flood of virtually free money provided by the Fed.

"But as Yellen’s remarks and the Fed report indicate, the explosion of asset values and wealth accumulation at the very top of the economic ladder has occurred alongside an intractable and continuing slump in the real economy."

In her prepared testimony to the House Financial Services Committee and the Senate Banking Committee, Yellen noted the following features of the performance of the US economy over the first six months of 2015:* A sharp decline in the rate of economic growth as compared to 2014, including an actual contraction in the first quarter of the year.* A substantial slackening (19 percent) in average monthly job-creation, from 260,000 last year to 210,000 thus far in 2015.* Declines in domestic spending and industrial production.In her July 10 speech to the City Club of Cleveland, Yellen cited an even longer list of negative indices, including:* Growth in real gross domestic product (GDP) since the official beginning of the recovery in June, 2009 has averaged a mere 2.25 percent per year, a full one percentage point less than the average rate over the 25 years preceding what Yellen called the “Great Recession.”* While manufacturing employment nationwide has increased by about 850,000 since the end of 2009, there are still almost 1.5 million fewer manufacturing jobs than just before the recession.* Real GDP and industrial production both declined in the first quarter of this year. Industrial production continued to fall in April and May.* Residential construction (despite extremely low mortgage rates by historical standards) has remained “quote soft.”* Productivity growth has been “weak,” largely because “Business owners and managers… have not substantially increased their capital expenditures,” and “Businesses are holding large amounts of cash on their balance sheets.”* Reflecting the general stagnation and even slump in the real economy, core inflation rose by only 1.2 percent over the past 12 months.The Monetary Policy Report issued by the Fed includes facts that are, if anything, even more alarming, including:* “Labor productivity in the business sector is reported to have declined in both the fourth quarter of 2014 and the first quarter of 2015.”* “Exports fell markedly in the first quarter, held back by lackluster growth abroad.”* “Overall construction activity remains well below its pre-recession levels.”* “Since the recession began, the gains in… nominal compensation [workers’ wages and benefits] have fallen well short of their pre-recession averages, and growth of real compensation has fallen short of productivity growth over much of this period.”* “Overall business investment has turned down as investment in the energy sector has plunged. Business investment fell at an annual rate of 2 percent in first quarter… Business outlays for structures outside of the energy sector also declined in the first quarter…”
The report incorporates the Fed’s projections for US economic growth, published following the June meeting of the central bank’s policy-setting Federal Open Market Committee. They include a downward revision of the projection for 2015 to 1.8 percent-2.0 percent from the March projection of 2.3 percent to 2.7 percent.

That the US economy continues to stagnate and even contract is indicated by two surveys released last week while Yellen was testifying before Congress. The Fed reported that factory production failed to increase in June for the second straight month and output in the auto sector fell 3.7 percent. The Commerce Department reported that retail sales unexpectedly fell in June, declining by 0.3 percent.
These statistics follow the employment report for June, which showed that the share of the US working-age population either employed or actively looking for work, known as the labor force participation rate, fell to 62.6 percent, its lowest level in 38 years. During the month, some 432,000 people in the US gave up looking for a job.

The disastrous figures on business investment are perhaps the most telling indicators of the underlying crisis of the capitalist system. The Fed report attributes the sharp decline so far this year primarily to the dramatic fall in oil prices and resulting contraction in investment and construction in the energy sector. But the plunge in oil prices is itself a symptom of a general slowdown in the world economy.
Moreover, a dramatic decline in productive investment is common to all of the major industrialized economies of Europe and North America. In its World Economic Outlook of last April, the International Monetary Fund for the first time since the 2008 financial crisis acknowledged that there was no prospect for an early return to pre-recession levels of economic growth, linking this bleak prognosis to a general and pronounced decline in productive investment.

The American phenomenon of record stock values fueling an ever greater concentration of wealth at the very top of society, while the economy is starved of productive investment, the social infrastructure crumbles, and working class living standards are driven down by entrenched unemployment, wage-cutting and government austerity policies, is part of a broader global process.
The economic crisis in the US and internationally is not simply a conjunctural downturn. It is a systemic crisis of global capitalism, centered in the US. A defining expression of this crisis is the dominance of financial speculation and parasitism, to the point where a narrow international financial aristocracy plunders society’s resources in order to further enrich itself.

While the economy is starved of productive investment, entirely parasitic and socially destructive activities such as stock buybacks, dividend hikes and mergers and acquisitions return to pre-crash levels and head for new heights. US corporations have spent more on stock buybacks so far this year than on factories and equipment.
The intractable nature of this crisis, within the framework of capitalism, is underscored by the IMF’s updated World Economic Outlook, released earlier this month, which projects that 2015 will be the worst year for economic growth since the height of the recession in 2009.